Thamesbank Times
Members eNewsletter
Ealing . Hounslow . Kingston . Richmond & Wandsworth . Spelthorne
Dear Member,
Master your money with Thamesbank
Explore this month’s edition for practical budgeting tips, insights into the 'Debt Snowball' method, and understanding the ‘Engage Card’. Also, stay updated on our Child Benefit Loan offering.
Plus, mark your calendars for our AGM on Monday 18 March 2024 at 19:00. Find details in the Members Noticeboard section.
With best regards,
Thamesbank editorial team
Easy tips for effective budgeting
Discover the secrets to stress-free budgeting! From tracking spending effortlessly to maximising savings, our blog unveils expert tips.
Conquer your debts with the ‘Debt Snowball’ method
The ‘snowball’ or balance-first method involves listing your debts in order from smallest balance to largest. You make minimum repayments on all debts, but prioritising the account with the smallest balance for any extra spare cash, then following the same steps until you clear everything. This can be great for those who struggle with motivation, or those looking to streamline and uncomplicate their financial burdens, because you are able to clear those first accounts relatively quickly and get them closed.
What is an Engage Card?
The Engage Card is a prepaid Visa with cashback at stores like Asda and Argos. There are no credit checks, load funds from your Thamesbank account and manage it with a mobile app. Pay bills with "virtual envelopes" and avoid overspending. There is £1 monthly fee & 75p ATM fee. See website for details.
Child Benefit Loan
Ready to give your children the world? We've got your back!
All parents can now apply for a loan of £500* if child benefit payments are made into your credit union account, repayable over 50 weeks for parents who receive their child benefit weekly or 13 months for parents who receive child benefit every 4 weeks.
Parents who receive child benefit for 2 or more children, can apply for the £750* child benefit loan.
Members who have repaid two or more loans in full AND receive child benefit for two or more children, can apply for the £1,000* child benefit loan, providing there is £100 in savings.
*42.6% APR compared to a doorstep lender at 399.7%.
Words of wisdom
"The future belongs to those who believe in the beauty of their dreams." - Eleanor Roosevelt
People who believe in their dreams and work hard to achieve them will have a bright future ahead. It's all about having faith in your goals and putting in the effort to make them a reality.
Members noticeboard
Save the date – Annual General Meeting (AGM)
Mark your calendars! Our Annual General Meeting (AGM) is set for Monday, March 18, 2024, at the Isleworth Public Hall, kicking off at 7 p.m. The event will also be accessible via Zoom. Keep an eye on your inbox and our website for further information coming your way soon.
Also, get ready to meet our latest additions to the team! Since our last AGM in 2023, we've welcomed seven new Directors who are eager to connect with you, including Roxanne Glaud, Christo Gouws, Malcolm Levi, Victoria Heath, Matt Johnson, Brian Hurl and John Page.
Lottery - enter now
As a member of Thamesbank Credit Union, you have the chance to enter the lottery, run by our back-office provider, Credit Union Solutions (CUS).
Each entry is £1, and each member can have up to 10 chances per month.
For all the details, to enter the lottery and to see past winners, visit the Credit Union Solutions (CUS) website.
Share this newsletter
Please feel free to share this newsletter with your colleagues, friends and anyone else who may be interested in the content within it.
With thanks from the Thamesbank editorial team.
Thamesbank Credit Union is authorised and regulated by the FCA and PRA Reg. No. 416486. Registered office address: The Bungalow, Pinkwell Lane, Hayes, UB3 1PE
Ethical and affordable finances | Helping you to save and borrow
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